Frontmatter -- Acknowledgments -- About the Author -- Foreword -- Contents -- Introduction -- 1 Inventory Policies -- 2 … How Much Should I Order? -- 3 When Should I Order? -- 4 Safety Stocks -- 5 Inventory Policies -- 6 Stochastic Lead Times … -- 7 Fill Rate -- 8 Cost and Service Level Optimization -- 9 Beyond Normality -- 10 Multi-Echelon Inventory Optimization …

This paper studies the optimal design of an inventory system with “one-way substitution” , in which a high-quality (and …-quality item. Through the use of a discrete time Markov model we analyze the effect of one-way substitution in a periodic inventory … detail, the optimal inventory control parameters (S and s) are determined in view of minimizing the expected total cost per …